ADAIX vs. ADANX
Compare and contrast key facts about AQR Diversified Arbitrage Fund Class I (ADAIX) and AQR Diversified Arbitrage Fund Class N (ADANX).
ADAIX is an actively managed fund by AQR Funds. It was launched on Jan 15, 2009. ADANX is an actively managed fund by AQR Funds. It was launched on Jan 15, 2009.
Performance
ADAIX vs. ADANX - Performance Comparison
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ADAIX vs. ADANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADAIX AQR Diversified Arbitrage Fund Class I | 0.78% | 8.03% | 3.19% | 4.51% | -3.30% | 6.27% | 25.24% | 8.53% | 2.19% | 5.93% |
ADANX AQR Diversified Arbitrage Fund Class N | 0.70% | 7.75% | 2.92% | 4.23% | -3.54% | 5.99% | 24.85% | 8.33% | 2.02% | 5.59% |
Returns By Period
In the year-to-date period, ADAIX achieves a 0.78% return, which is significantly higher than ADANX's 0.70% return. Both investments have delivered pretty close results over the past 10 years, with ADAIX having a 6.75% annualized return and ADANX not far behind at 6.48%.
ADAIX
- 1D
- -0.15%
- 1M
- 0.08%
- YTD
- 0.78%
- 6M
- 2.60%
- 1Y
- 6.24%
- 3Y*
- 5.17%
- 5Y*
- 2.72%
- 10Y*
- 6.75%
ADANX
- 1D
- -0.15%
- 1M
- 0.08%
- YTD
- 0.70%
- 6M
- 2.42%
- 1Y
- 5.97%
- 3Y*
- 4.89%
- 5Y*
- 2.44%
- 10Y*
- 6.48%
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ADAIX vs. ADANX - Expense Ratio Comparison
ADAIX has a 1.38% expense ratio, which is lower than ADANX's 2.12% expense ratio.
Return for Risk
ADAIX vs. ADANX — Risk / Return Rank
ADAIX
ADANX
ADAIX vs. ADANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Diversified Arbitrage Fund Class I (ADAIX) and AQR Diversified Arbitrage Fund Class N (ADANX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ADAIX | ADANX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.19 | 3.98 | +0.20 |
Sortino ratioReturn per unit of downside risk | 6.86 | 6.52 | +0.34 |
Omega ratioGain probability vs. loss probability | 2.06 | 1.95 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 9.83 | 9.27 | +0.56 |
Martin ratioReturn relative to average drawdown | 37.48 | 37.03 | +0.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ADAIX | ADANX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.19 | 3.98 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.91 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.56 | 1.51 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 1.12 | +0.07 |
Correlation
The correlation between ADAIX and ADANX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ADAIX vs. ADANX - Dividend Comparison
ADAIX's dividend yield for the trailing twelve months is around 2.10%, more than ADANX's 1.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADAIX AQR Diversified Arbitrage Fund Class I | 2.10% | 2.12% | 1.23% | 2.74% | 0.10% | 0.65% | 1.60% | 2.11% | 6.53% | 7.17% | 7.18% | 4.93% |
ADANX AQR Diversified Arbitrage Fund Class N | 1.84% | 1.86% | 0.96% | 2.47% | 0.10% | 0.40% | 1.33% | 1.81% | 6.22% | 6.84% | 6.83% | 4.43% |
Drawdowns
ADAIX vs. ADANX - Drawdown Comparison
The maximum ADAIX drawdown since its inception was -14.75%, roughly equal to the maximum ADANX drawdown of -14.73%. Use the drawdown chart below to compare losses from any high point for ADAIX and ADANX.
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Drawdown Indicators
| ADAIX | ADANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -14.73% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -0.64% | -0.64% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -7.40% | -7.48% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -14.75% | -14.73% | -0.02% |
Current DrawdownCurrent decline from peak | -0.31% | -0.31% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -3.06% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 0.16% | +0.01% |
Volatility
ADAIX vs. ADANX - Volatility Comparison
The current volatility for AQR Diversified Arbitrage Fund Class I (ADAIX) is 0.38%, while AQR Diversified Arbitrage Fund Class N (ADANX) has a volatility of 0.41%. This indicates that ADAIX experiences smaller price fluctuations and is considered to be less risky than ADANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADAIX | ADANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 0.41% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 1.06% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 1.53% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 2.68% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 4.29% | +0.04% |